Page 154 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT

WATER SEWER UTILITY BUDGET SUMMARY - FUND 40

HISTORY CURRENT YEAR
2023-2024 2024-2025 2024-2025 2025-2026
Actual Budget Projected Budget

Retained Earnings, October 1 $ 2,813,192 $ 3,154,207 $ 2,799,841 $ 2,657,841
Revenues:
Water Sales 4,926,858 5,450,000 5,300,000 5,400,000
Sewer Sales 4,104,160 4,600,000 4,500,000 4,600,000
Other Revenue 519,739 500,000 504,000 529,000
Interest Income 165,214 125,000 135,000 130,000
Operating Revenues $ 9,715,971 $ 10,675,000 $ 10,439,000 $ 10,659,000

Operating Transfers-In:
Transfers In JUF - Other 60,389 50,000 50,000 50,000

Total Available Resources $ 12,589,552 $ 13,879,207 $ 13,288,841 $ 13,366,841
Expenditures:
Administration 186,097 198,200 178,900 188,600
Non-Departmental 793,331 832,480 842,080 850,280
Billing & Collections 598,459 610,030 599,800 628,700
Information Technology 119,298 142,990 141,750 150,420
Water Distribution 2,449,504 2,912,840 2,782,570 2,961,710
Wastewater Collection 3,306,481 3,676,050 3,248,900 3,380,020
Total Operating Expenditures 7,453,170 8,372,590 7,794,000 8,159,730

Operating Transfers-Out
To General Fund 440,000 487,000 487,000 496,050
To Joint Use Facility Fund 51,541 60,000 60,000 60,000
To CO Debt Service 1,800,000 2,025,000 2,025,000 2,215,500
To Revenue Bond Debt Service 0 0 0 0
To Water/Wastewater Construction 0 0 0 0
Total Operating Transfers-Out 2,291,541 2,572,000 2,572,000 2,771,550

Operating Surplus/(Deficit) $ 31,649 (219,590) 123,000 (222,280)

Transfers to Sustainability Funds
To Equipment Repl. - Current Year 45,000 265,000 265,000 106,000
Total Transfers to Sustainability Funds 45,000 265,000 265,000 106,000

Net Income Before Transfers 2,323,190 2,352,410 2,695,000 2,549,270

TOTAL OPERATING & TRANSFERS $ 9,789,711 $ 11,209,590 $ 10,631,000 $ 11,037,280

Retained Earnings, September 30 $ 2,799,841 $2,669,617 $2,657,841 $ 2,329,561

CHANGE IN NET ASSETS ($13,351) ($484,590) ($142,000) ($328,280)
% OF EXPENDITURES 29% 24% 25% 21%

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